February 20, 2017 / 12:45 IST
Tiger Logistics Ltd. (Tiger or the Company) reported healthy set of numbers for 3Q FY17. During the quarter, net sales increased by 18% to Rs 683 mn (Rs 562 mn – 3Q FY16). In 3Q FY17, EBITDA grew by 18% to Rs 38 mn (Rs 33 mn – 3Q FY16) while the EBITDA margin stood at 5.6%.
Outlook
Due to rich business fundamentals and asset light model, we expect the high valuations to continue and recommend a BUY with a price target of Rs 350, an upside potential of 46%.
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